this guy is so genius.. we have seen Greek market crisis in Oct which started in Mid of 2011. now we are in a pull back rally where EU is doing everything to stop Italy from being defaulted and may be they will save till March or June 2012 and eventually per the charts market will fall again. anyways we can correlate this chart as we are all in a long term down trend with most of us living on high deficits....
The thing is the man is right. Go to finance.yahoo.com.. go to DOW and look at the max time range. The thing is making a head and shoulders pattern, and we're on the tail end of it. If we break through the neckline, we are in for a long-term depression. As crazy as it might sound, since the brain naturally wants to reject extremely pessitmistic thoughts, it will happen. Maybe not in 2011, perhaps 2012 or 2013.
Damn this guy has been spot on. Hats off to you mate. The right shoulder is a bit higher. Waiting for the bounce to break . I estimate between 2-7 trading days.
The real economic situation in US in 2012: click on my name to see all Objective Technical Analyses on US mkt. All technical proofs point to a severe US Bear Market and hence severe recession in US. In addition, the NASDAQ technical analysis shows all proofs of how the Secular Bear may wipe out the market wealth in US. Sadly, U.S is in a severe deflationary spiral. Sovereigh Wealth Funds such as my country's will also see its wealth vanish with US too.
i think the market still has plenty of profit in it i have made in the last 3 month's 225% from stocks FMS, FXJ, VOC , ARU SSM, WDC, and enjoying everybit of it, im also investing in physical silver by the week if silver goes down ill buy if silver goes up ill buy, silver is underestimated and will out perform like never before the price in future will be 2 to 300 % its current price, it is far to valuable that what you think, if need info contact me my email antoniobulgari46@gmail.com, thanks,
@46thejackal I agree with the silver comment, with the 1:16 rule silver should be trading as around 116 dollars approx on gold being around 1850 per ounce....
CALM DOWN! Obama will save us! Just the other day we were having our 3rd straight day of rain and then Obama came to town and it was a perfect sunny day. No clouds, no wind, and the neighbors dog stopped barking for once. Obama left and today its raining and the freaking dog is barking again.
Respond to this video... well this guy is right!!! and he said it all over 1 year ago...congrats to this person as an economist/analyst....refreshing to see intelligent people in Youtube :)
Now all...let's brace ourselves...the economy is crashing fast :S
SPX was caught by the 38.2 FIB, but like 2008 it lost it's 75 Weekly MA. In 2008, the bounce out of the first wave down was a tag of the 75 and then it plunged. History repeats?
@gaybasher1oo Beats me how americans still seem to be trying to blame what's happening to the world economy on one US politician or another. has it occurred to you that the whole political and economic system set up by your country has failed and is due for replacement?
lol anyone thinking they are profiting in the stock market is a fool we are about to head into depression folks been nice knowing all of you it wont be over for 10 years Obama did 10 years worth of deficit damage to us. Change we can certainly all believe in!
If the fed is done with 24 hours a day printing new money and shovelling it into the stockmarket,market will have a negative or reverse rally,to put in liberal and politically correct term and if some raghead with a long beard tries to blow up something in the us or some othe fabricated negative story(never hard to come up with) hits the wires,yes,we could have a crash early next year or a bit sooner.Enjoy and ride the blow-off top in the meantime.
seems with the devoted support from the FED, we are slowly reaching an extreme high in optimism. Who said the feds can fund the stock market. Feds but out. Corporation tax deducted everthing fiscal year. Get the fed tax dollars out I'm not fooled by these income tax invaiders who don't care about the other fat pig. To many dog bites and to much time in jail for working.
if oil and gas prices dont start dropping soon and more political turmoil starts happening you are going to be looking like nostradamous. i know you are hoping against the crash more than anyone because this is something i wouldnt want to be right about lol
@1stsmosh Have you checked the website for updates? I posted on the 3rd of April that the rally will extend to around 1400. This video was done back in November of 2010 and obviously as we get closer to the date, I am able to make better assessments. We did start to see the market fumble in March as I outlined in the video, but no follow through has come. Hence I am inclined to think the bull run will continue.
@tradeyourwayout This is exactly why I find this type of analysis useless to me. If you can't predict the future with any accuracy, then how can you use this information to inform your trades? Basically what you are saying is "back in Nov 2010 I predicted a crash in April 2011. However, now since it's April 2011 and a crash hasn't happened, I'm inclined to believe the bull run will continue." Yeah, thanks for that. That helps me a lot!
@CyrilAndPriscilla Have a really good hard think about what you just wrote. Your comment is very silly in my opinion. After the flash crash I went bullish on the market based on the Elliott Wave Principle and knew the market was headed to 1300 +. Did I profit? Hell yes! Then based on the analysis I had to be VERY cautious around April 2011. The markets dropped 100 points! But since the drop didn't happen in the right fashion, the next wave count suggest more gains over the coming months.
@CyrilAndPriscilla What will I do now? go long of course! Don't fall into the 90% of failed traders who simply cannot trade what a market tells them. Trade the short term, not the long term... then re-assess once you hit your targets. This is exactly what I have done and will continue to profit ;-)
@1stsmosh lol. Looking back it turned 3th january, february in the us but mostly because the dollar kept crashing I suppose. There was one more new peak later but that was just a joke ;)
Whatever we're forming a bottom or got more room to move time will tell.
Putting more burden on the tax payers may give us a break out upwards I suppose.
Good video. What do you think about the fed's ability to prop up the stock market? I think they will begin to short to also get their money out of the market.
@Sentinel4truth it hasn't completely played out yet. we still need to see more downside confirmation first. there is an alternate view that allows the rally to extend into June / July.
lol nice going, this guy nailed it even to the month the decline started which is this month (March). I was thinking we would hit 1360 on the S&P before the drop however looks like the weekly rising wedge resistance trend line caught it first. Nice call.
I believe you mean "expanded flat," or what Elliott called an "irregular flat." In a running flat, the C leg fails to take out the termination point of the preceding A wave.
paruke, David has been very accurate thus far with Elliot wave analysis. Remember the old saying..try it before you knock it. David has a brilliant eye for this stuff, and I enjoy learning his *trade*.
@paruke yeah, think about it... the insiders and people in higher places than you and I will act on information well in advanced to the public. their actions will display on a chart. it is just a matter of being able to read that chart.
@tradeyourwayout I mean technical analysis is not a good way to decide whether to invest or not, we know that it ignore company fundamentals and macro economic situations... you predict market crash in 2014-15, I don't understand why and how it gonna happen. Only a big recession can cut S&P 500 by haft and technical indicators have nothing to do with that.
@paruke i think the crash will start this year and the bear market will last probably for about 3 years. I predict using the elliott wave principle (a form of technical analysis - google it), which is a way of measuring investor psychology. after all the market is made up of fear and greed. so far it has worked wonders for me :-)
its all about when the music stops ,who has a seat at the table , trust the facts and trends .WE ARE not even invited to the party....get your money out of the banks and the markets..buy real goods. THE QE BUBBLE IS GOING TO BURST IN 2011 and the hole house of cards will fall. GAME OVER
Too bad people are still manipulated by the few Elite Robot Traders into trying to figure the market out using old logical methods. There is NO STOCK MARKET anymore.
The market is simply the playgroung of evil men. They have a money vacuum, and intend to keep it running until only the top 5% have all the money. Anyone still "playing" in the market are FOOLS and shark bait. Wall Street needs to be completely shut down, and banks ordered to keep all assets and loans within their buildings. THIS IS THE SECOND GREAT DEPRESSION, FOLKS!
how can you call 10 years into the future? Saying that for the 60 years after 2022 will be a massive rally is just outrageous. No one can call that. Conceivably there could be a sort of apocalyptic event that wipes out humans kind and thus the markets...
As for the shorter term, I think that the worst is yet to come, but not based on some formula, based on events: europe, inflation, the US economy being shit, etc etc.
The FED is definetly devaluating the dollar. Commodity boom is coming in oil, silver, gold. With this low valed dollar you think that the stocprices are gonna fall also? it sounds a bit weird for me. But I agree in one thing. A smaller correction is needed now, at the beginning of 2011.
So end of Michael Moore´s film "Capitalism: A love story" is right ! A Great Crash is comming in 2011, 2012 or 2013 ! I´m NOT suprised !! The peck Oil crisis is comming too !! ISadly, it´s not a matter of if ! It is matter of WHEN !!! We have been warned !!
Hi David, I just recently discovered your videos and have found them very interesting and have subscibed to your channel. I have been following Elliot Wave for a little while but don't have the experience that you have in the wave counts. I have been holding shorts for a while which has not been my best trade I must say. I noticed in the video you mentioned that you have cashed out of the longs, are you going to re-enter longs on the pull back to 1180 level and ride it up to the final April top?
@measax initially i thought yes, but the charts aren't convincing me of it right now. so my best guess is that inflation will take off after 2022 with wave 5.
I understand your wave count. You have been one of the few Elliott wave counts that was correct, but is there another possibility that the bear market will unfold sooner? The reason I ask is because I find it hard to believe that we will be trading near the 1400 S&P level before it unfolds. I really think its going to unfold within the next month or so. Let me know what you think. Thanks for your analysis.
@kennethyoung86 i don't think it will happen sooner because i follow a lot of other global markets and they don't look ready to roll. the EW counts will need a little more time to complete and i believe march / april will do the trick.
@kennethyoung86, I agree with David about 1400 in late March or early April. The crisis that will pop the bubble is the Spain Debt Crisis. They have to refi their maturing debt in early March. The bond vigilantes will attack and cause a major crisis. Spain econ is 7 times that of Greece and you saw what happened to the market last April/May. Europes bailout fund can't handle the size of Spain's debt and Italy debt is next and even bigger. This will be the next catalyst for the 2011 CRASH.
NEWS RELEASE: Just google 'insiders dumping stocks'. Just in the last couple weeks, insiders have been dumping stocks at a rate of 2018 shares sold to ONE bought. Another article tracked a huge chart of major companies that showed a ratio of over 3000 to ONE. It is some amazing numbers. This has happened many times right before large legs down.
Do you have the chart of dow or s&p price in gold. i suspect we are in a decline...even for the 2005 onwards rally! Dow will be a better represenative since it has a much longer history.
@marque1999 it does, think about it. once the internet was introduced you had more participants involved in the stock market. players from all over the world can trade in stocks at the click of a button.
Hey Dave,on what basis you drew the upper blue trend line?t hit the 2nd TL touchpoint there,why?...checkin the FTSE100 monthly,seems,its forming a massive contarctin triangle and its now heading higher to touch its upperline,but in SP its expanding triangle,will it make new high by Sep-Oct 2011?
@Mike3gdc i think it will play out like in the video, so no new high above 2007. the trend line is just an indication because i believe the rally will finish soon somewhere around 1350 - 1400.
@tradeyourwayout My hunch is there will be another mini crash in 2011. the reason I say mini crash is because the feds will not allow a full blown crash in the markets. There will be Quantitative Easing 2.0 3.0 4.0 5.0 basically we are going to print ourselves out of it. Sure the markets will rise but with devalued dollars. In terms of real wealth when you compare it to gold and silver the markets are crashing. I do agree around 2016 going forward there will be a huge bull market.
this guy is so genius.. we have seen Greek market crisis in Oct which started in Mid of 2011. now we are in a pull back rally where EU is doing everything to stop Italy from being defaulted and may be they will save till March or June 2012 and eventually per the charts market will fall again. anyways we can correlate this chart as we are all in a long term down trend with most of us living on high deficits....
hemuntozzy 1 month ago
The thing is the man is right. Go to finance.yahoo.com.. go to DOW and look at the max time range. The thing is making a head and shoulders pattern, and we're on the tail end of it. If we break through the neckline, we are in for a long-term depression. As crazy as it might sound, since the brain naturally wants to reject extremely pessitmistic thoughts, it will happen. Maybe not in 2011, perhaps 2012 or 2013.
nategiz95 4 months ago
Inside tip! Be sure and get your sell orders in late November 10th,
November 11th, 11-11-11. Chinas sell-off will reverberate in the markets. Look for a 3000 point drop minimum!!
Zaxxen69 4 months ago
Damn this guy has been spot on. Hats off to you mate. The right shoulder is a bit higher. Waiting for the bounce to break . I estimate between 2-7 trading days.
mjhillie 4 months ago
oh nooooo, armagadon is near
personalityz 5 months ago
This guy was right!!!!!! i wish i would have found this last october
str8cndian 5 months ago
The real economic situation in US in 2012: click on my name to see all Objective Technical Analyses on US mkt. All technical proofs point to a severe US Bear Market and hence severe recession in US. In addition, the NASDAQ technical analysis shows all proofs of how the Secular Bear may wipe out the market wealth in US. Sadly, U.S is in a severe deflationary spiral. Sovereigh Wealth Funds such as my country's will also see its wealth vanish with US too.
DonovanHSAng 5 months ago
I know you have changed your outlook to bullish from this Analysis however i think this original EW analysis may prove correct instead.
uzernam3 6 months ago
i think the market still has plenty of profit in it i have made in the last 3 month's 225% from stocks FMS, FXJ, VOC , ARU SSM, WDC, and enjoying everybit of it, im also investing in physical silver by the week if silver goes down ill buy if silver goes up ill buy, silver is underestimated and will out perform like never before the price in future will be 2 to 300 % its current price, it is far to valuable that what you think, if need info contact me my email antoniobulgari46@gmail.com, thanks,
46thejackal 6 months ago
@46thejackal I agree with the silver comment, with the 1:16 rule silver should be trading as around 116 dollars approx on gold being around 1850 per ounce....
GlobalAnanda 5 months ago
April 29,2011 S&P 1363, spot on. August 31, rally of 1218 close to 1225 on chart. Are we going to hit a rapid decline as shown on the chart?
MtViewTiger 6 months ago
Good time to invest?
gobuddyboy 6 months ago
CALM DOWN! Obama will save us! Just the other day we were having our 3rd straight day of rain and then Obama came to town and it was a perfect sunny day. No clouds, no wind, and the neighbors dog stopped barking for once. Obama left and today its raining and the freaking dog is barking again.
walkonhome 6 months ago
@walkonhome LOL, love it! Best comment I have read :-)
tradeyourwayout 6 months ago
@walkonhome Obama don't care about us! His rich why even care about you or me? He has broke so many promises!
gamergirlv2 4 months ago
@walkonhome LOL
manhateixeira 4 months ago
Respond to this video... well this guy is right!!! and he said it all over 1 year ago...congrats to this person as an economist/analyst....refreshing to see intelligent people in Youtube :)
Now all...let's brace ourselves...the economy is crashing fast :S
manhateixeira 4 months ago
@walkonhome Love your attitude, but unfortunately I don't think Obama is going to help at all to prevent this from happening
CHTWillCome723 3 months ago
Crap... People are spending less money now a days...
Not good for my food business.
flamed65 6 months ago
It looks as if this original analysis is so far quite accurate as of August 11th, the exception being the called for topping date being a bit early.
frznghost 6 months ago
SPX was caught by the 38.2 FIB, but like 2008 it lost it's 75 Weekly MA. In 2008, the bounce out of the first wave down was a tag of the 75 and then it plunged. History repeats?
MrHCify 6 months ago
Bounce now to 1250 ish and then the real crash starts.
MrHCify 6 months ago
IT IS HAPPENING!!!!!!!
manga4774 6 months ago 12
lol we got a crash
thejiveturkeh 6 months ago 4
yep we got a crash
MeganANIMATES 6 months ago
I'm seeing World War III on the horizon.....nuff said!
skeaneable 6 months ago
YOU ARE .... BANG ON... you cant hit the date perfect with this. great job!
maximumvalues 6 months ago 2
@gaybasher1oo bollocks. Depending on your definition of liberal policy - maybe you could enlighten me?
nowthatsinteresting1 6 months ago
@gaybasher1oo WRONG capitalism and fear has done this to America!
OrganNLou 6 months ago
Wow.. The crash is here.. Holy Shit! He was right as of today...
Atrociteeshirts 6 months ago
@gaybasher1oo Beats me how americans still seem to be trying to blame what's happening to the world economy on one US politician or another. has it occurred to you that the whole political and economic system set up by your country has failed and is due for replacement?
nowthatsinteresting1 6 months ago
@nowthatsinteresting1 EXACTLY!! And much of it has to do with capitalism.
OrganNLou 6 months ago
05 Aug 2011 - Crash happens
steven096 7 months ago
05 Aug 2011 - Crash happens
steven096 7 months ago
Stock Market Crash Soon?
/watch?v=OGVv2ODBQ-E
stockcharttrading 8 months ago
No crash happened but a correction is happening and we don't know until when.
I try to follow this moves on my blospot, StockMarketMan.
Good Trades Everybody
p3droPT 9 months ago
That accent is so cool. I wish I could talk like that.......
rudemood2011 9 months ago
lol anyone thinking they are profiting in the stock market is a fool we are about to head into depression folks been nice knowing all of you it wont be over for 10 years Obama did 10 years worth of deficit damage to us. Change we can certainly all believe in!
jspecaspec23 9 months ago
BBBY is showing some heavy insider selling, chart is very toppy. Going short with $55 PUTS May Expiration...
1971Armageddon 10 months ago
Market is going to crash in May/June this year...Buy your PUT options now in my opinion :)
1971Armageddon 10 months ago
If the fed is done with 24 hours a day printing new money and shovelling it into the stockmarket,market will have a negative or reverse rally,to put in liberal and politically correct term and if some raghead with a long beard tries to blow up something in the us or some othe fabricated negative story(never hard to come up with) hits the wires,yes,we could have a crash early next year or a bit sooner.Enjoy and ride the blow-off top in the meantime.
OIdiesCentral 10 months ago
Thanks for posting this bro...I look forward to watching more of your videos of the next year. Cheers!
AbundanceTV 10 months ago
seems with the devoted support from the FED, we are slowly reaching an extreme high in optimism. Who said the feds can fund the stock market. Feds but out. Corporation tax deducted everthing fiscal year. Get the fed tax dollars out I'm not fooled by these income tax invaiders who don't care about the other fat pig. To many dog bites and to much time in jail for working.
redviper2GAMER 10 months ago
if oil and gas prices dont start dropping soon and more political turmoil starts happening you are going to be looking like nostradamous. i know you are hoping against the crash more than anyone because this is something i wouldnt want to be right about lol
mofoca22 10 months ago
April 15th is here...no crash yet.
1stsmosh 10 months ago 3
@1stsmosh Have you checked the website for updates? I posted on the 3rd of April that the rally will extend to around 1400. This video was done back in November of 2010 and obviously as we get closer to the date, I am able to make better assessments. We did start to see the market fumble in March as I outlined in the video, but no follow through has come. Hence I am inclined to think the bull run will continue.
tradeyourwayout 10 months ago
@tradeyourwayout This is exactly why I find this type of analysis useless to me. If you can't predict the future with any accuracy, then how can you use this information to inform your trades? Basically what you are saying is "back in Nov 2010 I predicted a crash in April 2011. However, now since it's April 2011 and a crash hasn't happened, I'm inclined to believe the bull run will continue." Yeah, thanks for that. That helps me a lot!
CyrilAndPriscilla 10 months ago
@CyrilAndPriscilla Have a really good hard think about what you just wrote. Your comment is very silly in my opinion. After the flash crash I went bullish on the market based on the Elliott Wave Principle and knew the market was headed to 1300 +. Did I profit? Hell yes! Then based on the analysis I had to be VERY cautious around April 2011. The markets dropped 100 points! But since the drop didn't happen in the right fashion, the next wave count suggest more gains over the coming months.
tradeyourwayout 10 months ago
@CyrilAndPriscilla What will I do now? go long of course! Don't fall into the 90% of failed traders who simply cannot trade what a market tells them. Trade the short term, not the long term... then re-assess once you hit your targets. This is exactly what I have done and will continue to profit ;-)
tradeyourwayout 10 months ago
@CyrilAndPriscilla that was a low blow
hahahahahaha
Shaft2009 10 months ago
Comment removed
jeanniefavela 6 months ago
@1stsmosh lol. Looking back it turned 3th january, february in the us but mostly because the dollar kept crashing I suppose. There was one more new peak later but that was just a joke ;)
Whatever we're forming a bottom or got more room to move time will tell.
Putting more burden on the tax payers may give us a break out upwards I suppose.
JohanKH 4 months ago
Time has come today
MoltenMozzarella 10 months ago
Good video. What do you think about the fed's ability to prop up the stock market? I think they will begin to short to also get their money out of the market.
tim3687 11 months ago
Ok if this guy is right then the market downturn should happen within the next two weeks.
makeithappen42zx 11 months ago
Great call, your EW chart looks exactly like today's SPY. I hope my shorts work out for the coming decline. Cheers!
Sentinel4truth 11 months ago
@Sentinel4truth it hasn't completely played out yet. we still need to see more downside confirmation first. there is an alternate view that allows the rally to extend into June / July.
tradeyourwayout 11 months ago
lol nice going, this guy nailed it even to the month the decline started which is this month (March). I was thinking we would hit 1360 on the S&P before the drop however looks like the weekly rising wedge resistance trend line caught it first. Nice call.
uzernam3 11 months ago
I believe you mean "expanded flat," or what Elliott called an "irregular flat." In a running flat, the C leg fails to take out the termination point of the preceding A wave.
cautiousbrowzer 11 months ago
Comment removed
cautiousbrowzer 11 months ago
paruke, David has been very accurate thus far with Elliot wave analysis. Remember the old saying..try it before you knock it. David has a brilliant eye for this stuff, and I enjoy learning his *trade*.
flatswing 11 months ago 10
I do know that the U.S economic condition is the same as ENRON's was.
Nothing but a fake sham. We're broke. There is a major crash coming. I don't know exactly when, but it's coming.
It will be a day that will change our lives forever. It will be that bad.
RayAir1 1 year ago
WOW!!! You predict future based on a simple chart, that's the best way to invest when you know nothing about valuation LOL
paruke 1 year ago
@paruke yeah, think about it... the insiders and people in higher places than you and I will act on information well in advanced to the public. their actions will display on a chart. it is just a matter of being able to read that chart.
tradeyourwayout 1 year ago 2
@tradeyourwayout I mean technical analysis is not a good way to decide whether to invest or not, we know that it ignore company fundamentals and macro economic situations... you predict market crash in 2014-15, I don't understand why and how it gonna happen. Only a big recession can cut S&P 500 by haft and technical indicators have nothing to do with that.
paruke 1 year ago
@paruke i think the crash will start this year and the bear market will last probably for about 3 years. I predict using the elliott wave principle (a form of technical analysis - google it), which is a way of measuring investor psychology. after all the market is made up of fear and greed. so far it has worked wonders for me :-)
tradeyourwayout 1 year ago
@tradeyourwayout wow u nailed the market top and timing perfectly. this is amazing. i subscribed and am looking forward to your videos.
BlackThought415 11 months ago
This guys is right on target so far....
whaler3232 1 year ago
its all about when the music stops ,who has a seat at the table , trust the facts and trends .WE ARE not even invited to the party....get your money out of the banks and the markets..buy real goods. THE QE BUBBLE IS GOING TO BURST IN 2011 and the hole house of cards will fall. GAME OVER
stephenbarron725 1 year ago 3
Too bad people are still manipulated by the few Elite Robot Traders into trying to figure the market out using old logical methods. There is NO STOCK MARKET anymore.
xwaystranger 1 year ago
Well you are most likely right. Too many ingreidiants for a MAJOR COLLAPSE!
stixin2000 1 year ago
The market is simply the playgroung of evil men. They have a money vacuum, and intend to keep it running until only the top 5% have all the money. Anyone still "playing" in the market are FOOLS and shark bait. Wall Street needs to be completely shut down, and banks ordered to keep all assets and loans within their buildings. THIS IS THE SECOND GREAT DEPRESSION, FOLKS!
ThePatriotHour 1 year ago
@ThePatriotHour yes it needs to die im tired of recovering for many years thinking its gonna get better then another crash hits
FearOps 1 year ago
how can you call 10 years into the future? Saying that for the 60 years after 2022 will be a massive rally is just outrageous. No one can call that. Conceivably there could be a sort of apocalyptic event that wipes out humans kind and thus the markets...
As for the shorter term, I think that the worst is yet to come, but not based on some formula, based on events: europe, inflation, the US economy being shit, etc etc.
sigmayacht 1 year ago
Some people like to over complicate things. This is a fine example.
vtwzy 1 year ago
@vtwzy for those who make a living off the stock market understand one thing, that markets are very complicated ;-)
tradeyourwayout 1 year ago
The FED is definetly devaluating the dollar. Commodity boom is coming in oil, silver, gold. With this low valed dollar you think that the stocprices are gonna fall also? it sounds a bit weird for me. But I agree in one thing. A smaller correction is needed now, at the beginning of 2011.
G.
dgabor8 1 year ago
Who cares if it crashes? Trade accordingly and use the opportunity. Be prepared to profit if the market goes up or down, there is no signs.
Tinker1Stinks 1 year ago
So end of Michael Moore´s film "Capitalism: A love story" is right ! A Great Crash is comming in 2011, 2012 or 2013 ! I´m NOT suprised !! The peck Oil crisis is comming too !! ISadly, it´s not a matter of if ! It is matter of WHEN !!! We have been warned !!
davisgreen2020 1 year ago
Dow will move up for another week or two max, after that we will hit a bear market till late March
CoHproduction 1 year ago
Hi David, I just recently discovered your videos and have found them very interesting and have subscibed to your channel. I have been following Elliot Wave for a little while but don't have the experience that you have in the wave counts. I have been holding shorts for a while which has not been my best trade I must say. I noticed in the video you mentioned that you have cashed out of the longs, are you going to re-enter longs on the pull back to 1180 level and ride it up to the final April top?
muzzag2010 1 year ago
you don't see inflation before 2022 now?
measax 1 year ago
@measax initially i thought yes, but the charts aren't convincing me of it right now. so my best guess is that inflation will take off after 2022 with wave 5.
tradeyourwayout 1 year ago
Hey buddy,
I understand your wave count. You have been one of the few Elliott wave counts that was correct, but is there another possibility that the bear market will unfold sooner? The reason I ask is because I find it hard to believe that we will be trading near the 1400 S&P level before it unfolds. I really think its going to unfold within the next month or so. Let me know what you think. Thanks for your analysis.
kennethyoung86 1 year ago
@kennethyoung86 i don't think it will happen sooner because i follow a lot of other global markets and they don't look ready to roll. the EW counts will need a little more time to complete and i believe march / april will do the trick.
tradeyourwayout 1 year ago
@kennethyoung86, I agree with David about 1400 in late March or early April. The crisis that will pop the bubble is the Spain Debt Crisis. They have to refi their maturing debt in early March. The bond vigilantes will attack and cause a major crisis. Spain econ is 7 times that of Greece and you saw what happened to the market last April/May. Europes bailout fund can't handle the size of Spain's debt and Italy debt is next and even bigger. This will be the next catalyst for the 2011 CRASH.
Cyber777Junkie 1 year ago
NEWS RELEASE: Just google 'insiders dumping stocks'. Just in the last couple weeks, insiders have been dumping stocks at a rate of 2018 shares sold to ONE bought. Another article tracked a huge chart of major companies that showed a ratio of over 3000 to ONE. It is some amazing numbers. This has happened many times right before large legs down.
tim3687 1 year ago
Do you have the chart of dow or s&p price in gold. i suspect we are in a decline...even for the 2005 onwards rally! Dow will be a better represenative since it has a much longer history.
marque1999 1 year ago
David, i am very skeptical about you wave 3 @ 2000 peak.
Like i've mention many times, look at the yearly chart, the volume from 2000 onwards is many times bigger than the decades before 2000.
Wave 3 must be of bigger volume than wave 4 - not too sure if this rule in cast in stone for EWT.
There only reason i can think of the big volume is the de-link of gold from USD in the 70s and in 1999 the gold purchasing law...
marque1999 1 year ago
@marque1999 a very simple way to explain why volume was bigger in 2000 onwards... technology!
tradeyourwayout 1 year ago
@tradeyourwayout Yes, but that doesnt explain why should wave 4 has a bigger volume than wave 3. It is against the basic principlal of EWT.
marque1999 1 year ago
@marque1999 it does, think about it. once the internet was introduced you had more participants involved in the stock market. players from all over the world can trade in stocks at the click of a button.
tradeyourwayout 1 year ago
Hey Dave,on what basis you drew the upper blue trend line?t hit the 2nd TL touchpoint there,why?...checkin the FTSE100 monthly,seems,its forming a massive contarctin triangle and its now heading higher to touch its upperline,but in SP its expanding triangle,will it make new high by Sep-Oct 2011?
Mike3gdc 1 year ago
@Mike3gdc i think it will play out like in the video, so no new high above 2007. the trend line is just an indication because i believe the rally will finish soon somewhere around 1350 - 1400.
tradeyourwayout 1 year ago
@tradeyourwayout My hunch is there will be another mini crash in 2011. the reason I say mini crash is because the feds will not allow a full blown crash in the markets. There will be Quantitative Easing 2.0 3.0 4.0 5.0 basically we are going to print ourselves out of it. Sure the markets will rise but with devalued dollars. In terms of real wealth when you compare it to gold and silver the markets are crashing. I do agree around 2016 going forward there will be a huge bull market.
TheCashistrash 1 year ago